London: SuperGroup PLC (LON:SGP) Stock Has Just Had Its “Buy” Rating Reiterated by Investec. Shares now Have a GBX 1850.00 Target

SuperGroup PLC (LON:SGP) Rating Reaffirmed

Investec now has a GBX 1850.00 PT on the 1.44B GBP market cap company or 10.61% upside potential. In an interesting research report issued to clients on Wednesday, 16 December, SuperGroup PLC (LON:SGP) shares have had their “Buy” Rating has reaffirmed by professional analysts at Investec.

From a total of 9 analysts covering SuperGroup (LON:SGP) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is GBX 1850 while the lowest target price is GBX 1200. The mean of all analyst targets is GBX 1655.22 with a 3.80% above today’s (GBX 1661.57) stock price. SuperGroup was the topic of 41 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Numis Securities maintained shares on December 16 with “Hold” rating. RBC Capital Markets maintained shares with “Outperform” rating and GBX 1800 target share price in a report from a December 7. Peel Hunt maintained SGP stock in a recent report from December 16 with “Buy” rating. Beaufort Securities maintained the rating on December 4. Beaufort Securities has a “Buy” rating and a GBX 1875 price target on shares. Finally, Liberum Capital downgraded the stock to “Hold” rating in a report issued on a December 15.

Approximately 313,355 shares of stock traded hands or 75.48% up from the average. Supergroup PLC (LON:SGP) has risen 36.58% since May 19, 2015 and is uptrending. It has outperformed by 39.20% the S&P500.

SuperGroup Plc is a United Kingdom-based fashion retailer company, which offers clothing and accessories. The company has a market cap of 1.44 billion GBP. The Firm is the owner of the Superdry brand, which is a lifestyle brand that offers clothing, accessories, footwear and cosmetics. It has 29.78 P/E ratio. It operates in three divisions: Retail, Wholesale and Central Cost.